It was Wall Street’s worst day in over two years. The nation’s fear of a recession sparked a stock sell-off that affected the entire world and produced chaos. Several US tech stocks, cryptocurrencies, Treasury yields, and oil reached lows.
After Japanese stocks saw their most significant decline in 37 years, with the Nikkei 225 index falling by more than 12%, this widespread devastation began. On US exchanges, losses persisted.
The Nasdaq Composite dropped by more than 6%, the S&P fell 4.25 percent, and the Dow also faltered, losing more than 1,000 points many times during the day’s trade.
Amidst this, a couple of US stocks were seen pocketing gains. Three prominent stocks were thriving despite the ongoing crash.
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Top Three US Stocks To Watch For Today
Source: AFP 2023 / JEWEL SAMAD
1. MGO Global Inc.
The prominent lifestyle brand MGO Global was making headlines for its 42.97% uptick over the past day.
Currently, it is priced at $3.76. While it is challenging to identify what caused the upward shift, according to the company’s website, MGO is the “exclusive source of the official premium lifestyle brand of soccer legend Leo Messi.”
2. KLA Corp
On Monday, during what turned out to be a rather disappointing trading session for the stock market, this stock increased 1.05% to $703.48.
The increase ended a two-day losing run. KLA Corp. ended the day $192.84 below its 52-week high of $896.32, which it reached back in July.
3. Lam Research Corporation
LCRX shares increased by 0.97% to $770.39. The company’s revenue met analyst projections, and profits per share [EPS] increased by 1.5% over analyst projections.
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In conclusion, despite the widespread market turmoil, a few resilient US stocks managed to thrive, showcasing the unpredictable nature of financial markets.